By Celestine Chacon
January 31, 2025
Trade between Guyana and China experienced significant growth in 2024, with an increase of US$1.4 billion, marking a 14.4 percent rise from the previous year.
This positive development was highlighted by Chargé d’Affaires of the Chinese Embassy in Guyana, Huang Rui, during a dinner event hosted to celebrate the Chinese New Year.
The annual dinner, organised by the Association of Chinese Enterprises in Guyana, was held at the Royal International Hotel’s Banquet Hall on Mandela Avenue.
Speaking at the event, Rui noted that 2024 was a remarkable year for economic and trade cooperation between the two nations.
He expressed optimism about the future, emphasizing that bilateral trade relations are poised for continued expansion.
Additionally, the Chinese diplomat reaffirmed China’s commitment to advancing high-quality projects in Guyana under the Belt and Road Initiative.
He also revealed ongoing discussions regarding a Free Trade Agreement (FTA) and mutual visa exemption agreements between the two countries, which could further strengthen economic ties and foster greater collaboration.
Minister of Finance and Public Service, Dr. Ashni Singh, also addressed the gathering, commending the Chinese community for their longstanding contributions to Guyana’s development.
He acknowledged their presence in various sectors, including business, academia, and the judiciary, emphasizing that their impact has been both visible and valuable.
Chinese-Guyanese relations date back to 1853, when the first Chinese immigrants arrived in the country.
In 1972, Guyana became the first English-speaking Caribbean nation to establish diplomatic relations with China.
Over the years, cooperation between the two nations has deepened, with China playing a crucial role in Guyana’s economic and infrastructural progress.